Capital Clean Energy Carriers Corp.

Thank you for standing by and welcome to the Capital Clean Energy Carriers Corporation First Quarter 2026 Financial Results Conference Call. We have with us Mr. Nikos Kalapotharakos, Chief Financial Officer, Mr. Brian Gallagher, Executive Vice President, Investor Relations, and Mr. Nikos Tribodakis, Chief Commercial Officer. Kindly note that Mr. Jerry Caligiratos, Chief Executive Officer, will join the call following the prepared remarks and will participate in the Q&A session. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session, at which time, if you would like to ask a question, you will need to press star 1 on your telephone and wait for your name to be announced. I must advise you that this call is being recorded today Thursday, May 7th, 2026. The statements in today's conference call that are not historical facts, including our expectations regarding the sale or acquisition transactions and the expected effect on us. Cash generation, equity returns, and future debt levels our ability to pursue growth opportunities, our expectations or objectives regarding future distribution amounts or share buyback amounts, dividend coverage, future earnings, capital allocation, as well as our expectations regarding market fundamentals and the employment of our vessels, including delivery dates, re-delivery dates, and charter rates, may be forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 as amended. These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. Unless required by law, we expressly disclaim any obligation to update or revise any of these forward-looking statements. whether because of future events, new information, a change in our views or expectations to conform to actual results or otherwise. We make no prediction or statement about the performance of our common shares. I would now like to hand the call over to our speaker today, Mr. Brian Gallagher. Please go ahead, sir.

Thank you, operator. Good morning or afternoon to wherever you are, and thank you for listening to the Capital Clean Energy Carriers Q1 2026 earnings call. As a reminder, we'll be referring to the supporting slides available on our website as we go through today's presentation. So let's kick off with the highlights on slide four. Q1 showed further progress for the group across the board on three different fronts. Firstly, as we announced in our Q4 results in March, during the first quarter we raised an additional €250 million in a Greek bond with a 3.75% coupon. Secondly, and after the quarter end, we announced an innovative transaction with the energy trading group BGN, including a 10-year time charter for one of our existing LNG carriers. This will boost further our LNG revenue backlog to over $2.9 billion, which we'll cover more in detail later on. Thirdly, the business continued to deliver on all 14 of the vessels we had on the water during Q1, And this brought about a net income result of $18.3 million after off-hire periods and special survey costs incurred by two of our LNG carriers and was reflected in a cash dividend to our shareholders of 15 cents per share. In the final bullet on this slide, we show that we've got broad approval for a 20 million share buyback program over the next two years. Clearly, the outlook for the company and the sector has been dominated by events in the Middle East since February 28th, and our head of commercial, Nikos Tribodakis, will explore more on these slides and his remarks later on. With that, I'll now hand over to Nikos Kalapathor.

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